Realizing the Demographic Dividend: Is Africa any different?

Abstract:
The demographic transition creates a window of opportunity during which economies may benefit from a temporary increase in the working age share of the population. While many economies have already enjoyed these benefits, they remain a promising opportunity for much of Sub-Saharan Africa. We show in this paper that Sub-Saharan Africa adheres to the same principles as the rest of the world with respect to the determinants of economic growth, including particularly the effects of demographic change. Assuming a policy and institutional context that is conducive to economic growth, most Sub-Saharan countries have the potential to reap a sizable demographic dividend.